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Hello Friends, Neighbors and Clients,


While we wish you a happy, healthy and prosperous New Year ahead, in many ways 2021 already feels similar to 2020 across our country. In the real estate world, that couldn't be more true as the market continues to surge ahead as inventory and mortgage rates remain astonishingly low. Here is a look at a few key stats and trends across the marketplace...


National Market

  • Mortgage rates predicted to remain historically low all year, at roughly 3% (National Association of Realtors)

  • Predicted double-digit increase in home sales (Mortgage Bankers of America expects 10%, Bank of America predicts 11%)

  • Predicted 8% gain in average sales price nationally (National Association of Realtors)
  • Strong economic growth in the 4-5% range (The Fed predicts 4.2%, Morgan Stanley forecasts 5.9%)
  • Compass grew to be a community of 19,000+ agents, creating the largest client referral network of top agents in the country.


Denver Metro Market

  • $525,185 average close price (+7.95% from 2019)
  • 62,985 closed transactions (+6.95% from 2019)

  • Finished the year at just 2,541 active listings - the first time ever below 3,000
  • Compass surpassed LIV Sotheby’s as the #1 brokerage in Denver in both market share and sales volume and keeps on climbing. The Schossow Group is proud to be a leading member of the Compass team with an average close price of $1,391,160.


Ravenna


If you or someone you know is interested in buying or selling their Colorado home (anywhere across the Denver Metro area) in 2021, please contact us and our team stands ready to assist in exceeding all of your expectations.


Until then, we send you our warmest wishes for a Happy New Year!


Dale

Recent Transactions (December and January)

  • 8080 Donatello Court, Ravenna (Sold)
  • 7923 Galileo Way, Ravenna (Sold)

  • 635 Hogan Circle, Durango (Sold)

  • 7855 Galileo Way, Ravenna (Sold)

  • 7868 Cicero Court, Ravenna (Sold)

  • 7876 Raphael Lane, Ravenna (Under Contact)

  • 7668 Raphael Lane, Ravenna (Under Contract)

Featured Listings

7608 Raphael Lane


5 Bed | 6 Bath | 5146 SF

$2,275,000


Jacob Custom Homes’ newest Contemporary home at Ravenna is designed with every in-home amenity needed for resort-style living. Buying now allows buyers to customize all finishes.


7716 Dante Drive


4 Bed | 6 Bath | 7008 SF

$3,200,000


Workshop Estates' newest Modern retreat  is situated on one of the last remaining estate lots with expansive views of the scenery surrounding Ravenna.


7208 Raphael Lane


4 Bed | 4 Bath | 6841 SF

$2,695,000


This super custom home leaves no detail left out with inspired architecture from the hills of Tuscany and is perched privately above the 13th fairway.


Available Lots at Ravenna

8071 Paradiso Court

Beautiful site overlooking #18 fairway with red rocks and view of Pike National Forest. $625,000


7374 Raphael Lane

A .41 acre lot overlooking Ravenna's #13 fairway, a pond and forever views of the Dakota Hogback. $400,000

Browse and search all homes currently on the market. Contact our team to tour any home or learn more about buying.


Our team is equipped to get you the most for your home and achieve the level of satisfaction you deserve. If you're curious about selling your home, learn more about our complete real estate services.


The Colorado housing market is not slowing down. Don't miss out on your dream home with these tips from our agent Molly Petrelli.

"We spent a considerable amount of time working with Dale and Nick when we decided to live in Ravenna. They provided detailed answers to all of our questions as we went through the process of selecting and purchasing our new home, displaying a great deal of patience with us. Our experience with Dale and Nick was a very positive one and we would recommend them without reservation."


- Ed and Jeanne

© Compass 2021 ¦ All Rights Reserved by Compass ¦ Made in NYC

Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage.

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